Elko New Market, MN Employment - Median Household Income, Unemployment Rate

A+

45%

Income/capita NAT. AVG.

141%

Household income NAT. AVG.

85%

Unemployment NAT. AVG.

Index	Elko New Market	Minnesota	National
Income per capita	$43,190	$33,225	$29,829
Median household income	$133,333	$63,217	$55,322
Median income owner occupied	$138,555	$77,618	$70,586
Median income renter occupied	$125,019	$34,348	$35,192
Median earnings male	$74,730	$40,933	$36,919
Median earnings female	$45,156	$29,114	$26,250
Unemployment rate	0.7%	3.4%	4.7%
Poverty level	0.4%	10.8%	15.1%

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Key findings

The income per capita in Elko New Market is 45% higher than the national average
The median household income in Elko New Market is 141% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Elko New Market is 85% lower than the national average
The poverty level in Elko New Market is 97% lower than the national average

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am i middle class

$88,879 $133,333 $266,666

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Elko New Market median earnings by income bracket

Elko New Market employment by industry

Labour Type	Male	Female
Construction industry	7.7%	7.7%
Manufacturing sector	15.6%	15.6%
Financial & insurance services	7.1%	7.1%
Wholesale & retail services	10.2%	10.2%
Public administration	8.6%	8.6%
Transportation, warehousing & utilities	13.0%	13.0%
Education, health & social services	11.1%	11.1%
Other	25.6%	25.6%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Savage, MN	31,758	$116,895	111.3%
Lakeville, MN	65,710	$112,020	102.5%
Rosemount, MN	24,792	$110,573	99.9%
Carver, MN	5,438	$109,589	98.1%
Prior Lake, MN	26,775	$108,481	96.1%
Elko New Market, MN	4,715	$133,333	141.0%

Cities with similar population

City	Population	Household Income	National Avg.
Nowthen, MN	4,715	$124,492	125.0%
Leisure Village, NJ	4,714	$32,719	40.9%
Farmville, NC	4,716	$46,719	15.6%
Hickory Creek, TX	4,716	$121,913	120.4%
Wolverine Lake, MI	4,712	$86,148	55.7%
Elko New Market, MN	4,715	$133,333	141.0%

Source: The Elko New Market, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).